Asian stocks were the session’s outperformers as Hong Kong’s Hang Seng index reached decade highs ... highs to trade 0.2 per cent lower at $1.1832 after the European Central Bank’s chief economist Peter Praet suggested a longer extension of its ... ( read original story ...)
BNM Explains Why You Can’t Afford a House
The central bank has resisted calls to loosen mortgage lending, instead saying the property ... affordability out of 18 metropolitan regions around the globe, with Hong Kong homes costing 19 times income and Beijing 14.5 times. Take a closer look at ... ( read original story ...)
The bank of the future
McKinsey's latest research reveals that at least 80 per cent ... the UK, New Zealand, Estonia, Hong Kong and Japan. As the digital future becomes inevitable, we understand that the one-size-fits-all approach in banking does not work anymore. ( read original story ...)
How Los Angeles Is the Future of Cities
Just ask Singapore, Hong Kong, or Dubai—cities that have thrived by building ... and why the U.S. economy remains so large and powerful. A McKinsey study found that 600 cities account for about 60 percent of global GDP. This city-heavy global economy ... ( read original story ...)
Housing affordability: A supply-side tool kit for cities
Research from the McKinsey Global Institute has examined the scope of the ... pedestrian-friendly cityscapes. Places such as Hong Kong and Seoul have already intensified land use around transit stops. Seoul allows floor-area ratios that are up to 20 ... ( read original story ...)
Chinese luxury customer market to hit $1 trillion RMB by 2025
In a new report from McKinsey & Company, titled ‘Chinese luxury consumers ... Shopping overseas remains a key reason to travel, as Hong Kong remains the most prominent destination, followed by South Korea. Consumers have become considerably less keen ... ( read original story ...)
OFX Hires Mike Kennedy as President, North America
Before founding clearXchange, Mr. Kennedy was an Executive Vice President with Wells Fargo and an Engagement Manager at McKinsey & Co. He has a Master ... San Francisco, London, Hong Kong and Auckland. The OFX Group Limited is a publicly listed entity ... ( read original story ...)
HKETO, Brussels makes sure Hong Kong is “on the radar” of Cypriot businesses (with photos)
Hong Kong Economic and Trade Office, Brussels (HKETO, Brussels) co-organised a business seminar titled "Is Hong Kong on your radar ?" with the Cyprus Chamber of Commerce and Industry (CCCI) and Invest Hong Kong (InvestHK) in Nicosia, Cyprus on October 11 ... ( read original story ...)
HSBC picks company veteran John Flint as new chief executive
The appointment is the first major decision taken by former AIA Group (1299.HK) chief Mark Tucker, who officially took up his post at HSBC just 12 days ago as its first externally-appointed chairman. Flint, who is not related to Tucker’s predecessor ... ( read original story ...)
British activist barred from Hong Kong to start NGO monitoring city’s affairs
A British activist who was denied entry into Hong Kong is going ahead with plans to spearhead a group to monitor the city’s affairs, despite Beijing’s formal complaint to the UK about interference in China’s internal matters. At the centre of the ... ( read original story ...)
All you need to know about high-flying Hong Kong start-ups GoGoVan and Lalamove
It has been more than a month since logistics company GoGoVan became the first Hong Kong start-up to be valued at more than US$1 billion, and now rival Lalamove has staked its claim as the city’s next “unicorn” after raising US$100 million from a ... ( read original story ...)
Financial firms the latest to embrace co-working spaces in search for new ideas
Last September, HSBC made headlines by moving 300 staff from its digital and transformation teams into a WeWork hot-desking site in Causeway Bay, Hong Kong. “Within these close-knit communities, financial services companies are interested in meeting and ... ( read original story ...)
Hong Kong Slaps Banker With Ban for Mobile Phone, WeChat Use
Hong Kong’s securities watchdog banned a brokerage employee from the industry for four months for the manner in which he used his mobile phone and Tencent Holdings Ltd.’s WeChat to take orders from clients. Xu Tao, a former investment consultant of ... ( read original story ...)
How failure to keep up with construction technology will hit Hong Kong hard in next decade
Hong Kong must be more aggressive in adopting the latest technology for its construction sector for the city to retain its competitive edge, according to one of the world’s biggest engineering firms. While other cities, such as Singapore, have made ... ( read original story ...)